Tiffany & Co. (TIF) Upgraded by KeyCorp to Overweight
KeyCorp upgraded shares of Tiffany & Co. (NYSE:TIF) from a sector weight rating to an overweight rating in a report released on Friday morning, Marketbeat Ratings reports. KeyCorp currently has $115.00 price target on the specialty retailer’s stock, up from their prior price target of $94.50. KeyCorp also issued estimates for Tiffany & Co.’s FY2018 earnings at $4.00 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $1.69 EPS and FY2019 earnings at $4.34 EPS.
Other equities research analysts also recently issued reports about the company. Jefferies Group set a $110.00 target price on Tiffany & Co. and gave the company a buy rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Tiffany & Co. from a hold rating to a buy rating and set a $100.00 target price on the stock in a report on Monday, August 14th. Needham & Company LLC reiterated a hold rating on shares of Tiffany & Co. in a report on Friday, August 25th. Goldman Sachs Group downgraded Tiffany & Co. from a buy rating to a neutral rating and dropped their target price for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Finally, Oppenheimer reiterated a buy rating and set a $105.00 target price on shares of Tiffany & Co. in a report on Wednesday, November 29th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $98.69.
Tiffany & Co. (TIF) opened at $95.54 on Friday. The company has a market capitalization of $12,085.98, a PE ratio of 24.87, a PEG ratio of 2.26 and a beta of 1.93. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a twelve month low of $76.08 and a twelve month high of $98.64.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. equities research analysts anticipate that Tiffany & Co. will post 3.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Tiffany & Co.’s payout ratio is 53.76%.
In other news, Director Robert S. Singer bought 1,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was bought at an average price of $88.13 per share, for a total transaction of $88,130.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Pamela H. Cloud sold 37,000 shares of Tiffany & Co. stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $93.52, for a total value of $3,460,240.00. Following the completion of the transaction, the insider now owns 47,261 shares of the company’s stock, valued at approximately $4,419,848.72. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Welch Group LLC grew its position in shares of Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 8 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Tiffany & Co. by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,964 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 25 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Tiffany & Co. by 2.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock worth $216,000 after acquiring an additional 62 shares in the last quarter. Private Advisor Group LLC boosted its position in Tiffany & Co. by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,885 shares of the specialty retailer’s stock valued at $263,000 after purchasing an additional 69 shares during the period. Finally, Alps Advisors Inc. boosted its position in Tiffany & Co. by 1.6% during the 2nd quarter. Alps Advisors Inc. now owns 6,028 shares of the specialty retailer’s stock valued at $566,000 after purchasing an additional 94 shares during the period. Institutional investors own 81.04% of the company’s stock.
Tiffany & Co. Company Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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